The Chevron Group has announced the acquisition of Highway Barrier Solutions Ltd (HBS), a specialist in vehicle restraint systems (VRS) and traffic management services.
Headquartered in Belfast and with depots across Northern Ireland and Scotland, the acquisition of HBS will see the Chevron Group expand its presence and service offering across Ireland and Scotland.
Announcing the acquisition, Chevron Group CEO Tim Cockayne commented:
This is an exciting acquisition which compliments the existing temporary traffic management services that the Chevron Group currently offers and represents an expansion into a new market. Additionally, as the company is headquartered in Northern Ireland this will open a new geographical market for us.
HBS employs around 130 people across 4 depots, and the Chevron Group has 30 locations across the UK including one in Scotland.
Nigel Dougan, co-founder of HBS, commented:
This acquisition represents a key milestone in HBS’s history and will secure the long-term growth of our business. HBS and Chevron share similar values with a clear focus on safety, innovation and our people, and we are both committed to building for the future.
The Chevron Group includes Chevron Traffic Management, Chevron Green Services, Chevron Green Consultancy, Class One Traffic Management, Highway Resource Solutions (HRS) and Shift Traffic Events.
The Chevron Group is part of an international work zone safety group of companies including AVS, Fero and Ramudden.
Darragh Dumigan, co-founder of HBS Adds:
The digitalisation of traffic management is really exciting. We have seen the range of digital products and services developed by Highway Resource Solutions (HRS) which are changing the face of traffic management. We look forward to introducing these innovations to our customers.
The acquisition completed on 22 December 2021.